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Burnside, Kirkoswald, Penrith

North East

£360,000
Listed on 02/12/2025

Property Details

Bedrooms
3
Type
Terraced
Area
1119 sqft

Description

This charming sandstone terraced house is situated in the heart of a picturesque village, offering substantial three-bedroom living space. Notably, it includes a sizable barn/workshop and a stone-built garage, both of which present exciting development prospects pending planning approval. A narrow driveway leads to a secluded private garden, enhancing the property’s appeal for potential modifications or expansions. The surrounding area of Kirkoswald is marked by stunning rural scenery, featuring hedgerows and stone walls, with nearby woodland and the tranquil River Eden within reach. The village comprises essential amenities such as a primary school, local shop, and a well-regarded pub. Just a short drive away lies Lazonby, providing additional conveniences including a store and an outdoor swimming pool. Accessibility to the Lake District, Carlisle, Penrith, and the M6 ensures that this location is not only serene but also well-connected for both leisure and commuting. Internally, the property features an entrance hall with functional storage solutions. The kitchen/diner comes equipped with contemporary gloss units and plumbing options for modern appliances. A spacious living room boasts dual aspect windows that create a bright atmosphere alongside a traditional woodburner. The first floor consists of three bedrooms—each adequately sized—with one bedroom incorporating an in-built wash hand basin for added convenience. The bathroom includes key fixtures such as a bath with an electric shower over. The workshop is particularly noteworthy; spanning two levels with utilities installed (light, power), it offers possibilities for transformation into additional living space or rental income. The garage also benefits from light and power supply. Outside, the garden features both patio and lawn areas surrounded by walls for privacy. This property holds considerable renovation potential suitable for investment aimed at enhancing its current layout or expanding its existing structures to maximize its value.

Investment Analysis

(CA10 area)

Above Market Value

This property is priced +25.0% above area average per sq ft

+25.0%
This Property
£322/sq ft
Area Average
£257/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£316,711
10% above area average per sq ft
Potential ROI
-22.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CA10)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -9.9%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on CA10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Burnside, Kirkoswald, Penrith
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,275
Based on a loan of £270,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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